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Financial Experts Seek Lending Rate Reduction, MPC Meets Monday

Financial Experts Seek Lending Rate Reduction, MPC Meets Monday     Financial experts have said there is a need for the Monetary Policy Committee of the Central Bank of Nigeria to further reduce the benchmark lending rate to ease the challenges of COVID-19. The experts spoke to our...

Current Lending Rate Not Making Mining Operations Profitable

THE current bank lending rate of 20-27 per cent will not make mining operations profitable in Nigeria. The Zonal Chairman, Nigerian Society of Mining Engineers, Engr. Markus Pwajok, stated this when he addressed the 56th Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture...